Tatneft, SOCAR, KMG, Uzbekneftegaz plan cooperation in procurement, ITTatneft (MOEX: TATN), the State Oil Company of the Azerbaijani Republic (SOCAR), KazMunayGas (KMG) and Uzbekneftegaz plan to cooperate in emergency responses, digital technologies, software and procurement, according to information on the Azerbaijani president's website.President Ilham Aliyev met with Tatneft CEO Nail Maganov, KazMunayGas Chairman Askhat Khasenov and Uzbekneftegaz Chairman Bakhodirjon Sidikov in Baku on March 4.A new stage of multilateral cooperation between the oil companies of Azerbaijan, Russia, Kazakhstan and Uzbekistan has begun, with preparatory work already completed, Aliyev said during the meeting.The companies have already established close production ties and are implementing several bilateral projects, he said, highlighting the importance of consolidating efforts.Aliyev emphasized the role of four-party cooperation in joint production and order fulfillment for friendly countries."During the discussion, opinions were exchanged on the prospects for the new cooperation format, and the hope was expressed that this would contribute to the further expansion of economic ties between our countries. It was emphasized that this format involves collaboration between the companies in emergency response and the creation of joint response teams, the optimization of work in digital technologies and software, organizing joint procurement, and developing various industrial sectors," the statement on the website said.The meeting's participants also noted that "this new cooperation format is open for other foreign companies to join," it said.No further details about the new cooperation format were provided. (ICE ALMATY)

Fonte notizia: INTERFAX